Petrolio, gas e sviluppo energetico. Il futuro del Ghana raccontato da Oil Magazine

What’s next? This is the question on the cover story of the new issue of Oil Magazine , Eni’s periodical dedicated to the future of energy, on newsstands from Tuesday 14 March 2017. The magazine interviewed Mohammad Sanusi Barkindo, Secretary General of OPEC (Organization of the Petroleum Exporting Countries), on the prospects for the world oil market following the recent agreement reached by the thirteen crude oil exporting countries that are part of OPEC to reduce oil production by 1.2 million barrels per day, and the consequent alignment of the eleven exporting countries that are not part of OPEC, which have decided to cut production by 600 thousand barrels.

“A truly historic page for the global oil industry,” Barkindo told Oil Magazine, necessary to “restore the market in balance and rebuild a fair relationship between supply and demand in order to ensure stability.”

The increase in oil prices is certainly a springboard for the countries that are entering the global energy market in recent years. Among these is Ghana, to which Eni’s magazine has dedicated an in-depth article in this issue, interviewing Theophilus Ahwireng, CEO of the Petroleum Commission of Ghana . Ahwireng declared that Ghana will produce 140 thousand barrels per day and said he was convinced that “as soon as prices start to rise again, government revenues will increase significantly”. “I firmly believe that one of the engines for Ghana’s growth could be represented by oil” clarified the CEO. A belief supported by the data from 2014, the year in which Ghana’s oil market generated a state revenue of 1 billion dollars (compared to 300 million euros in 2016).

Ghana is experiencing a dramatic growth in energy demand (over 10 percent per year) and is preparing to inaugurate Eni’s Sankofa-Gye Nyame OCTP project ; from the field, Ahwireng said, “about 200 thousand barrels of oil per day and about 300 million standard cubic feet of gas per day will be extracted, contributing significantly to the country’s electricity production.”